B.M. Samuels Finance Group Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 01055337

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		67,180		51,918
Tangible Assets	5		28,989		13,155
Investments	6		832,222		832,222

			928,391		897,295
CURRENT ASSETS
Debtors	7	23,395,876		23,555,134
Cash at bank and in hand		2,832,017		2,434,455

		26,227,893		25,989,589
Creditors: Amounts Falling Due Within One Year	8	(4,115,164 )		(4,137,908 )

NET CURRENT ASSETS (LIABILITIES)			22,112,729		21,851,681

TOTAL ASSETS LESS CURRENT LIABILITIES			23,041,120		22,748,976

NET ASSETS			23,041,120		22,748,976

CAPITAL AND RESERVES
Called up share capital	9		51,493		51,493
Capital redemption reserve			22,123		22,123
Profit and Loss Account			22,967,504		22,675,360

SHAREHOLDERS' FUNDS			23,041,120		22,748,976

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B.M. Samuels Finance Group Ltd

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr A D Samuels

Director

29/10/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

B.M. Samuels Finance Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 01055337 . The registered office is 314 Regents Park Road, Finchley, London, N3 2JX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Interest income

Interest income is recognised in the profit and loss account using the effective interest method for interest bearing financial instruments. The effective interest method is a method of calculating the amortised cost of a financial assets and of allocating the interest income over the expected life of the financial instrument.

Fee and commission income

Fees and commissions receivable are recognized as income as the company fulfills its performance obligations. The company’s performance obligations arising from contracts with customers are in respect of the loan business where the performance obligations are typically fulfilled towards the beginning or end of the customer’s contract; these fees are recognized in income on this basis. Loan commitment fees are also recognised in management fees, over the life of the facility rather than an adjustment to the effective interest rate for loans expected to be drawn.

Profit sharing income

Profit sharing income is recognised based on the agreed share earned on the different projects. The shares vary on a project-to-project basis. It is recognised as part of the interest in mortgage advances.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are software costs. It is amortised straight line over its estimated economic life of 5 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	- 15% on reducing balance.
Motor Vehicles	- 25% on reducing balance.
Fixtures & Fittings	- 15% on reducing balance.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 9)

4. Intangible Assets

	Other
	£
Cost
As at 1 February 2024	64,898
Additions	35,301

As at 31 January 2025	100,199

Amortisation
As at 1 February 2024	12,980
Provided during the period	20,039

As at 31 January 2025	33,019

Net Book Value
As at 31 January 2025	67,180

As at 1 February 2024	51,918

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B.M. Samuels Finance Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 February 2024	36,186	-	127,978	164,164
Additions	-	19,925	-	19,925

As at 31 January 2025	36,186	19,925	127,978	184,089

Depreciation
As at 1 February 2024	30,073	-	120,936	151,009
Provided during the period	821	2,213	1,057	4,091

As at 31 January 2025	30,894	2,213	121,993	155,100

Net Book Value
As at 31 January 2025	5,292	17,712	5,985	28,989

As at 1 February 2024	6,113	-	7,042	13,155

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 February 2024	832,222

As at 31 January 2025	832,222

Provision
As at 1 February 2024	-

As at 31 January 2025	-

Net Book Value
As at 31 January 2025	832,222

As at 1 February 2024	832,222

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	179,800	218,738
Prepayments and accrued income	455,797	478,083
Other debtors	17,962,755	19,565,799
Amounts owed by group undertakings	4,797,524	3,292,514

	23,395,876	23,555,134

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B.M. Samuels Finance Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	476,053	1,940,835
Corporation tax	16,511	(203,022 )
Other taxes and social security	24,802	30,155
Other creditors	2,598,813	950,503
Accruals and deferred income	30,600	44,490
Directors' loan accounts	347,419	787,067
Amounts owed to group undertakings	620,966	587,880

	4,115,164	4,137,908

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	51,493	51,493

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